So... who sank the triple A?

[mahnmut]

(Sorry for spamming twice today...)

Did Soros Make $1B Betting on U.S. Downgrade?

Comments

[htpcl]

> Soros Dumps Gold, Inciting Fear of Plummeting Price

Yet another reason for the Chinese to feel extremely, um... "happy". ;-)

Fucking with UK is one think, but if this is true, he seems to be fucking with the US now, which is a whole new story.

Any bets about how much longer he'll live?

[htpcl]

think -> thing, even

[stewstewstewdio]

Soros Dumps Gold, Inciting Fear of Plummeting Price

In 1973, Johnny Carson, an American talk show host, quipped about a toilet paper shortage in his opening monologue. This caused a toilet paper shortage. Whose fault was that? Johnny Carson or the idiots that believed him?

Any bets about how much longer he'll live?

A. He's 80 years old. How much longer should he live? Kinda like Rupert Murdoch

B. The way the American free market works, he will live as long as he has more money than his enemies.......much like Rupert Murdoch.

[htpcl]

> Whose fault was that? Johnny Carson or the idiots that believed him?

We have a cool proverb here:

"Not the one who eats the pie is the crazy one, but the ones who keep giving him pie".

Of course it didn't use "pie" in the original language version, but "banitsa".

http://en.wikipedia.org/wiki/Banitsa

> He's 80 years old. How much longer should he live?

So it's an easy bet for me!

[udoswald]

I don't know if you'd have needed insider information to bet on the downgrade. Everyone knew there was a good chance the debt limit debate would go down to the wire, given the complete unwillingness of the GOP and the teabaggers to negotiate or even accept the deals they themselves negotiated, so I think anyone with a financial mind could have figured that one out. Hell, I don't think it would have been such a bad move to bet on a complete default given the aforementioned intransigence on the part of the Republicans in Congress.

As for Gold, it's bound to go down eventually. The market isn't buying the whole "US debt is unsafe" nonsense and is scooping up treasuries as a safe alternative to the stock market. I'd say 1700 is as good a place as any to get off the gold bandwagon, anyone who bought gold even a year ago is bound to make a killing and the price has probably hit its limit (I'm ready to eat my words if a few months from now it's trading over $2000).

[underlankers]

Gold is a ticking time bomb invested in by the stupid. Like any other commodity its price varies.

But...

[sophia_sadek]

... doesn't Glenn Beck favor gold? How can you say it is invested in by the stupid.

Re: But...

[udoswald]

I think you answered your own question there.

[underlankers]

Black Friday this is not. Nor was he the only one to think that the Teepers would be so crazy as to really do a default which they sincerely believed would be harmless.

The Tea Partiers...

[sophia_sadek]

... voted against the debt limit compromise.

Re: The Tea Partiers...

[whoasksfinds]

so did some lefties.

[pastorlenny]

Yeah, it's probably good to sell gold if you bought it at $1000 and it's now $1700. People don't make money by buying at the very bottom ad selling at the very top. They make it by buying on the way up and selling before the top.

[mahnmut]

Spoken like someone who fully grasps the inner doings of Mammon!

[pastorlenny]

I have indeed labored in the vineyard for many a year.

[gunslnger]

But $1700 isn't even halfway to the top...

[pastorlenny]

Profits are not profits until you take them.

[abomvubuso]

Man... i think you may be in need of a brand new deck of Tarot cards!